Nassau Financial Group formed Nassau Global Credit (NGC), which combines Angel Island Capital Management (AIC) and Nassau Corporate Credit (NCC). NGC will be a subsidiary of Nassau’s asset management segment, Nassau Asset Management, and will be led by Alexander Dias as CEO and Jonathan Insull as chief investment officer.
This strategic combination unites Nassau’s existing credit businesses to create an integrated specialty credit platform with a combined $8.4 billion in AUM as of March 31, 2023. Like its predecessor strategies, NGC will continue to invest in the performing and opportunistic loan and bond markets across the U.S. and Europe, issuing collateralized loan obligations (CLOs), sponsoring private investment funds and managing separately managed accounts as part of Nassau Asset Management’s broader initiatives to accelerate growth.
“The formation of Nassau Global Credit is an exciting milestone as Nassau continues to accelerate the growth of our third-party asset management platform,” Phil Gass, chairman and CEO of Nassau, said. “Creating an integrated credit platform with increased scale will allow us to expand the breadth of our offerings while bringing our talent together to optimize our research and investment capabilities across both performing and opportunistic credit investing. I have full confidence in Alex and Jonathan leading NGC and look forward to seeing what the AIC and NCC teams will be able to accomplish together.”
